Skip to comments.WSJ: Tech Giants Are Heading Towards Monopoly Status
Posted on 06/04/2018 1:55:30 PM PDT by davikkm
A new column the Wall Street Journal argues that companies like Google, Facebook, and Amazon are heading towards monopoly status in their respective industries. A Thursday column in the Wall Street Journal by Christopher Mims argues that several Silicon Valley giants are gaining monopoly-sized market shares in their respective industries. Mims explained that modern monopolies look much different than monopolies of the past. Mims cited the example of monopolist Andrew Carnegie using armed guards against his striking workers.
One way todays monopolists are different from the robber barons of old is that theyre not exactly behaving like, for example, Andrew Carnegie, who turned armed guards on striking workers. And regulators dont particularly care if a company is a monopoly unless it harms the public or hampers innovation. But on those counts, many argue were close. Take the way both Google and Facebook dominate the harvesting of user data, or Facebooks ethically dubious decision to release vast quantities of personal information to developers.
According to the column, Google and Facebook take in a vast majority of U.S. digital advertising. Amazon accounts for a whopping 44 percent of e-commerce sales.
(Excerpt) Read more at breitbart.com ...
It’s time to break them up!
Break up the Banks Too Big to Fail also
With Wal-Mart nipping at their heels and ready to take advantage if Amazon falters. I am no fan of Bezos, but Amazon has made it easy to get the medical supplies we need for my father.
Just hang the CEO, CFO and current Board of Directors. That will send the challenge for them to be replaced with the right folks. If not let the government seize the assets and auction the companies to anyone but the original band of scum. The profits can go to paying down the debt.
Amazon has spawned on line buying from other vendors. Amazon is easy but Walmart has the capability to develop online and other methods to compete.
Lowes and Home Depot are heavy into online sales. All the above offer the ability to order on line and pick up that day. That is you can order from your place of work and pick up on the way home from the special pickup lanes. Ditto Office Depot
It is too soon to declare Amazon a monopoly.
‘Its time to break them up!’
Don’t be silly. Sessions is piddling around with pot and civil asset forfeitures. He’s not going to touch the tech giants with a ten foot pole.
All my lefty history profs LOOOVED talking about “Trust-busting”.
But they loathed the CIA.
Funny how it’s now the OPPOSITE.
I have been harping on using trust busting laws. Look at history. True Conservatives can and should suuport their prudential use.
This is a shot across the bows of the tech giants. They better stop their viewpoint censorship lest they be regulated into stopping it.
Anti-Trust Laws, what a concept!
Hasn’t Microsoft been there for some time?
Walmart is headed toward being the first retail company with a trillion dollar of sales. Amazon isn’t close to nipping at their heals.
Apple today announced IOS12, and boy does it address this.
It blocks data retrieval. You sign into a site, and that site is unable to harvest off your hardware.
If that works as planned, there’s going to be a lot of whimpering from Fakebook and Gurgle.
Yep. That’s a no brainer to me. If you took tax payer money you should be broken up. Also GM needs to be in that group as well.
The Big Data companies have reached a level of market dominance and control that’s on par with the giant monopolies of old.
They need to be broken up, much like AT&T was, decades agp.
In the context of on-line retail.
I am no fan of Google, Facebook and now view Netflix as the enemy.
However they dont control pipelines and refineries like Standard Oil did. They dont control long distance lines, access and 80% of peoples home phones like AT&T.
Its hard to treat them like a monopoly under the old rules because they dont own anything. All of them people use of their own free will, in some cases pay for directly and no one is forced to use it for food, fuel, shelter or communication.
So under the old anti-trust laws, how do you break them up.
They’re not headed toward monopoly status. They ARE monopolies. Just look at their market share. Any bank, any retailer any company that had a market share that some of these companies have would have federal regulators and the DOJ crawling all over them and a full bore anti trust action going in the courts.
The Feds should at the very least lean on them with crushing force to ensure they stop engaging in viewpoint discrimination. If they do not immediately comply and keep trying to censor conservative voices, its time they were broken up.
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